Gold rose on the back of rising bond yields and negative news on crypto currency news. After today's US January nonfarm payrolls it will be a technical trade with Chinese demand and bond yields as the key. Today and Monday are big days for gold and silver. I expect $50 either side moves in gold from the current price of $1347.90. Silver on the other hand needs a daily close over $1740 today and...Read More

CloseGain/LossOn WeekGold $1331.80-$18.20-1.32%Silver$16.60-$0.64-4.65%XAU83.88-4.25%-7.12%HUI188.03-4.41%-7.54%GDM642.62-2.88%-5.89%JSE Gold1228.89-15.95-6.41%USD89.16+0.57+0.07%Euro124.59-0.60+0.28%Yen90.85-0.59-1.22%Oil$65.45-$0.35-1.45%10-Year2.838%+0.059+6.73%Bond145.00-1.5625-2.58%Dow25520.96-2.54%-4.12%Nasdaq7240.95-1.96%-3.53%S&P2762.13-2.12%-3.85% The Metals: Gold fell $22.50 to a...Read More

Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort298,32791,06557,648154,690379,766510,665528,479Change from Prior Reporting Period -7,485-63-6,875-6,768-16,244-21,128-23,182Traders18286734556262185 Small Speculators LongShortOpen Interest 48,66730,853559,332 -1,96193-23,089 non reportable positionsChange from the previous repor...Read More

- CFTC fines UBS, HSBC and Deutsche Bank millions of dollars each for gold price manipulation - Deutsche Bank 'engaged in a scheme to manipulate the price of precious metals futures contracts'- UBS 'attempted to manipulate the price of precious metals futures contracts'- HSBC engaged 'in numerous acts of spoofing with respect to certain futures products in gold and other precious metals'- Gol...Read More

Gold rose on the back of rising bond yields and negative news on crypto currency news. After today's US January nonfarm payrolls it will be a technical trade with Chinese demand and bond yields as the key. Today and Monday are big days for gold and silver. I expect $50 either side moves in gold from the current price of $1347.90. Silver on the other hand needs a daily close over $1740 today and...Read More

* Wells Fargo shares fall on unprecedented Fed action* Fed move follows persistent compliance problem at the bank (Adds comments, context, share price)By Pete SchroederWASHINGTON, Feb 2 (Reuters) - The Federal Reserve ordered Wells Fargo on Friday to halt its growth until it fixes systemic compliance problems that led to consumer abuses, in an unprecedented move that saw the lender's shares fell s...Read More

Feb 3 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS 5-FebNetherlands DTC auction 5-FebFranceAuction of BTF Treasury notes 6-FebUnited States Sale of 3-year notes 6-FebBelgium Auction of Treasury bills 7-FebGermany Auction of 10-year Federal bonds 7-FebUnited States Sale of 10-year notes...Read More

Feb 3 (Reuters) - For other diaries, please see:Top Economic Events Government Debt Auctions Political and General News Events Index of All Diaries Guide to Economic Indicators -----------------------------------------------------------This Diary is filed daily.-----------------------------------------------------------MONDAY, FEBRUARY 5SINGAPORE - ASEAN Finance and Central Bank Working Group Meet...Read More

Feb 2 (Reuters) - Outgoing Federal Reserve Bank Chair Janet Yellen said on Friday that solid economic growth, faster wage increases, and a tightening labor market mean the U.S. central bank is likely to need to continue to raise interest rates gradually, as it has signaled it will."The economy is growing at a healthy, solid pace," Yellen said in an interview with PBS NewsHour on the last...Read More

WASHINGTON, Feb 2 (Reuters) - The Federal Reserve ordered Wells Fargo on Friday to halt its growth, citing "widespread consumer abuses and other compliance breakdowns" at the bank.The Federal Reserve Board said in a statement that it "would restrict the growth of the firm until it sufficiently improves its governance and controls. Concurrently with the Board's action, Wells Fargo wi...Read More

Chilean Metals Inc. (TSXV:CMX, OTCQB:CMETF, SSE:CMX, MILA:CMX, FRA:IVV1, BER:IVV1) Chairman Terry Lynch was interviewed on Resource Stock Digest where he spoke about the company's recent drilling at the Large Bass River Target located in Nova Scotia, and working with Southern Rock Geophysics to identify IOCG Targets at Zulema in Chile.Read full newsRead More

Thunderstruck Resources (TSXV:AWE) Technical Consultant Kris Raffle provided updates on the company's projects in Fiji, specifically Rama Creek Copper/Gold Porphyry and the Liwa Creek Gold Prospect.Read full newsRead More

(Updates prices, adds news from Mexico and Argentina)By Bruno FederowskiSAO PAULO, Feb 2 (Reuters) - Latin American markets retreated on Friday after data showing U.S. job growth surged in January and wages increased, lifting expectations of faster U.S. interest rate hikes, which could dampen demand for risky emerging market assets.The robust employment report bolstered expectations of price press...Read More

(Updates with closing prices)By Luc CohenBUENOS AIRES, Feb 2 (Reuters) - Argentina power generation company Central Puerto SA's shares plunged on the Buenos Aires stock exchange on Friday as the weaker-than-expected debut price of its U.S.-listed stock took some air out of a two-year long rally.The underwhelming debut came a day after airport operator Corporacion America Airports also priced its...Read More

(Adds comments from Kaplan, additional comments from Williams)By Ann SaphirSAN FRANCISCO, Feb 2 (Reuters) - A pickup in wage growth and inflation are signs of a healthy economy and at this point are not enough to force the U.S. Federal Reserve to raise rates much more this year than the three times it has been signaling, a top policymaker said on Friday. Faster economic growth, buoyed by strong f...Read More

US Equities In A Virtual Meltdown, Bonds & Dollar Higher, Gold Dramatically LowerAt its low today the Dow Jones Industrial Average was trading off by 642 points, and as of this writing at 3:15 PM Eastern standard time the Dow is off by a little over 550 points which is a net decline of 2.11% on the day. In fact, all of the major US indices are trading dramatically lower with the Standard & Poor's...Read More

US Equities In A Virtual Meltdown, Bonds & Dollar Higher, Gold Dramatically LowerAt its low today the Dow Jones Industrial Average was trading off by 642 points, and as of this writing at 3:15 PM Eastern standard time the Dow is off by a little over 550 points which is a net decline of 2.11% on the day. In fact, all of the major US indices are trading dramatically lower with the Standard & Poor's...Read More

FTSE 100 down 47 points to 7,443US non-farm payroll additions come in above expectationsUS wage growth makes March rate hike likely Dollar resurgence weighs heavily on Footsie stocksBitcoin drops below US$8,000 before rallyingWith the dollar galvanised by the US jobless figures, which made a US rate hike next month more likely, UK stocks were under the cosh.Miners, in particula...Read More

(Adds details on week's drop in stocks)By Caroline ValetkevitchNEW YORK, Feb 2 (Reuters) - Wall Street's main stock indexes suffered their worst week in two years as bond yields soared and renewed fears of inflation gripped investors. But amid the selloff, corporate earnings forecasts keep improving.Forecasts for earnings, one of the fundamental factors that drives stock prices, are rising fast a...Read More

* TSX down 254.89 points, or 1.61 percent, at 15,606.03* All of the TSX's 10 main groups were trading lower (Updates share prices)TORONTO, Feb 2 (Reuters) - Canada's main stock index slumped to a four-month low on Friday, with natural resource shares leading broad based declines as commodity prices dropped and higher bond yields pressured global equity markets.U.S. crude prices were down 1.1 perce...Read More